Quickbase

Quickbase, Inc., is a software company that provides a low-code application development platform. The company is headquartered in Boston, Massachusetts, and was spun off from Intuit in March 2016. In January 2019, Vista Equity Partners, a private equity firm, announced that it had acquired a majority stake in Quickbase from Welsh, Carson, Anderson & Stowe for a reported $1 billion.[2][3][4]

Quickbase, Inc.
TypePrivate
IndustryPlatform as a service
Digital transformation
Enterprise Software
Founded1999
HeadquartersBoston, Massachusetts, U.S.
Products
  • Quickbase platform
RevenueIncrease $125 Million(2019)[1]
Number of employees
Approximately 314 (2018)
Websitewww.quickbase.com

Quickbase's platform is intended for building applications without the need for extensive coding knowledge. The company's platform includes drag-and-drop functionality, customizable templates, and pre-built components. These features allow users to build and deploy applications with simplified user interfaces.

History

In 1999, Joe Rice, Jim Salem, and Claude von Roesgen developed OneBase, a web-based multi-tenant service to enable consolidation and sharing of easily accessible business information.[5] In fall of 1999, Intuit added OneBase to its product portfolio, which includes QuickBooks and TurboTax.[5] In 2000, Intuit renamed OneBase and launched Quickbase, described at the time as a "web-based tool for sharing information that will revolutionize how small businesses and workgroups collaborate with employees, vendors and customers".[6]

In 2005, Quickbase was chosen as PC Magazine Editors' Choice.[7] The same year, Quickbase won the SIIA Codie Award for "Best Business Software Product or Service."[8] In 2015, Intuit announced plans to divest itself from Demandforce, Quickbase, and Quicken operations.[9] Quickbase won the SIIA CODiE Award for Best Real Estate/Construction Management Solution and finalist for Best Cloud Platform as a Service.[10][11][12]

In 2016, Welsh, Carson, Anderson & Stowe completed its acquisition of Intuit Quickbase.[13] In January 2019, Vista Equity Partners purchased majority equity in the company for more than $1B. Welsh, Carson, Anderson & Stowe remained a minority stakeholder.[14] In August, Quickbase bought Cloudpipes, which provides integration and automation tools for business applications through a cloud-based platform.[15]

Services

Quickbase is a low-code platform that allows non-technical developers to build, customize and connect secure cloud applications without compromising IT governance and control.[16][17]

References
  1. Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". Wall Street Journal.
  2. Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quickbase". Wall Street Journal. Retrieved 31 August 2019.
  3. "Intuit sells Quickbase to private equity firm". ZDNet. Retrieved 2016-03-08.
  4. "Intuit Plans to Sell Quickbase Business to Private Equity Firm". Bloomberg.com. 8 March 2016. Retrieved 2016-03-08.
  5. "About Quick Base". Quick Base. Retrieved 16 September 2019.
  6. "Intuit Unveils Web-Based Tool For Sharing Information". Intuit.com. Archived from the original on 2005-12-20.
  7. "Quickbase for Corporate Workgroups, Spring 2005 Version". PCMag. Retrieved 2005-05-18.
  8. "Best Business Software Product or Service". SIIA.net. Retrieved 2005-04-14.
  9. Beckerman, Josh (20 August 2015). "Intuit to Divest Itself of Demandforce, Quickbase and Quicken". Wall Street Journal. Retrieved 2015-08-20.
  10. "Intuit Quickbase review - An extraordinarily powerful and flexible database SaaS". CloudPro. 23 October 2015. Retrieved 2015-10-23.
  11. "Winner In: Best Real Estate / Construction Management Solution". SIIA.net. Retrieved 2015-05-20.
  12. "Best Cloud Platform as a Service". SIIA.net. Retrieved 2015-05-20.
  13. Prmack, Dan (4 April 2016). "Term Sheet -- Monday, April 4; Random Ramblings". Fortune. Retrieved 22 December 2018.
  14. Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". WSJ. Retrieved 13 January 2019.
  15. Bridgwater, Adrian (14 August 2019). "Boston's Quick Base Buys Bulgarian Cloudpipes -- Because Low-code Needs An Integration X-Factor". Forbes. Retrieved 31 August 2019.
  16. "Citizen Developers: Low Code Is Now Enterprise-Class". Forbes.com. Retrieved 2016-05-16.
  17. "How A Forrester Analyst Learned Citizen Developers Exist". cmswire. Retrieved 2015-12-23.
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